Toyota Motor Sales USA announced late on Tuesday that it is conducting a safety recall of approximately 482,000 vehicles to correct an issue with the curtain shield air bags. The action by Toyota is unrelated to the ongoing Takata airbag recall. Included in the campaign is the Toyota Prius from the 2010 through 2012 model […] [Read More]

As an industry compliance expert tried to explain how complicated it might be to unwind installment contracts and leases, NADA Used Car Guide confirmed that its values are being used to generate the figures associated with the Volkswagen diesel emissions settlement announced on Tuesday. The data denotes how much the OEM will pay owners to buy […] [Read More]

Described as a “painful pill to swallow,” Volkswagen is going to have to spend nearly $15 billion to settle with federal regulators and consumers involving vehicles associated with a diesel emissions controversy. In two related settlements — one with the United States and the state of California and one with the Federal Trade Commission — […] [Read More]

Susan Cafiero, a sales representative for Avalon Honda in Cape May Court House, N.J., received Cox Automotive’s inaugural Breakthrough Leader of the Year Award on Monday. Cafiero accepted the award at a luncheon during the Women in Automotive Conference in Orlando, Fla. She was selected from nominees who met criteria including being a woman with […] [Read More]

While franchised dealers surely want to turn plenty of used and new metal this summer, the National Automobile Dealers Association suggested that they welcome another kind of “up” who might be equally as important as the potential buyer for a vehicle that’s been in inventory for too long. NADA emphasized the upcoming congressional recesses this […] [Read More]

Look for June to be a strong month for the retail used-car market. According to TrueCar, there may be more than 3.24 million used-vehicle sales this month, which would beat June 2015 figures by 5.5 percent. Those numbers in TrueCar’s forecast include franchised and independent dealers and sales between private parties. In the first five […] [Read More]

Tom Folliard didn’t mince words. “The first quarter of FY17 was a challenging one for us,” the CarMax chief executive officer said during a conference call Tuesday discussing the company’s first quarter earnings report. Total revenues increased by 2.8 percent, he said, while used unit comps were slightly positive — up 0.2 percent — and […] [Read More]

As NIADA installed a South Carolina operator as its newest president, Scott Lanier, owner of Credit Cars in Orlando, Fla., was selected as the 2016 National Quality Dealer of the Year by the National Independent Automobile Dealers Association during the 70th anniversary Convention and Expo last week in Las Vegas. NIADA officials highlighted Lanier was […] [Read More]

The National Independent Automobile Dealers Association has named Auction Direct USA chief executive officer Todd Hoagey its inaugural NIADA CPO Dealer of the Year. Hoagey was presented the award Wednesday during the National Leadership Awards Banquet at the association’s convention. NIADA said the award spotlights, “the quality of dealership operations, the vehicle certification process, the […] [Read More]

Volkswagen now has an extra week to finalize the “concrete” proposal to federal regulators regarding how to fix or buy back vehicles included in the diesel emissions controversy. According to a court document that stated “given the highly technical nature of the proposed settlements in these complex proceedings,” U.S. District Judge Charles Breyer obliged the […] [Read More]